It’s official, LK Bennett is now owned by a company set up by one of its supplier-partners. It becomes the latest prominent name to be acquired by a Chinese business with its Chinese franchisee now in the driving seat.
For the first time, the luxury label is present in force in Milan during the Furniture Fair, to unveil the design object collection created with renowned Milanese interior decoration studio DimoreStudio.
JD Sports has received enough shareholder support for its takeover offer for smaller peer Footasylum and will compulsorily purchase the remaining shares with Footasylum becoming part of the larger group.
Philip Day may have bought control of Bonmarché but his attempt to buy the rest of the firm and take it private could be in jeopardy with the board saying on Friday that his 11.445p per share offer isn’t enough.
The struggling apparel group has announced that it is considering an IPO for its Madewell business, further revealing that Michael J. Nicholson will be taking over as the company’s interim CEO, effective immediately.